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The Replica of the Great Imperial Crown of the Russian Empire is a masterpiece of Russian gem cutters and evidence that they are among the best artisans in the world
maxim_shkadov_x.jpgIn early September, Interfax hosted a press conference with the participation of Maxim Shkadov, CEO of Russia's largest diamond manufacturer Kristall on the further fate of the Replica of the Great Imperial Crown made by Smolensk gem cutters. Maxim Shkadov told the audience how his company had come over the idea to recreate the Crown of the Russian Empire and discussed its further fate, as well as answered questions from Rough & Polished regarding the state of the diamond market and its prospects.

Ari Epstein, CEO of AWDC: Diamond pipeline to unclog and demand to pick up in 2-3 months
ari_epstein_xn.jpgIn early September, ALROSA hosted a meeting on New Development Drivers of Global Diamond Business in the framework of the Asia Pacific Eastern Economic Forum meeting in Vladivostok. The panel session looked at the current state and future prospects of the diamond industry. Leading diamond and jewelry industry figures took part in a debate on the challenges facing the business on September 3, including Ari Epstein, CEO of Antwerp World Diamond Centre (AWDC), who was interviewed by Rough & Polished on this occasion. Epstein shares his views on demand recovery in the diamond market, competition with India and the establishment of a diamond bourse in Vladivostok.

Moscow to host the Third International Economic Jewelry Forum
galina_ananyina_x.jpgOn October 2, 2015, Moscow will host the third edition of the International Economic Jewelry Forum to be held at the Congress Centre of the Chamber of Commerce and Industry on Ilyinka Street under the headline "New Realities, New Challenges, New Strategy in a Changing Global Market" with the support of Russia’s Finance Ministry, Gokhran, Assay Chamber, ALROSA, Russian Jewellery Trade Club and RESTEC JUNWEX media holding. In the run-up to the Forum, Galina Ananyina, President of the Foundation for Development of Jewelry Art in Russia and Chairman of the Organizing Committee of the Third International Economic Jewelry Forum answered the questions from Rough & Polished.

Belgium Diamond Trade Suffered Declines in 2012


Belgium's polished diamond trade suffered from a 9.8 percent decline in exports in 2012 as trade in December plunged, within IDEX Online's forecast. Along with the decline in exports is a decline in imports and trade by volume.
Belgium exported $13.21 billion worth of polished diamonds in 2012, a decline from the $14.64 billion worth of polished exported in 2011, according to figures published by the AWDC.
The volume of exports dropped 18 percent to 6.95 million carats.
Imports during the year declined 8.1 percent to $12.9 billion and the volume of imports 17.2 percent to 7.44 million carats.
Throughout the year, export trends in 2012 were similar to 2011, with one noticeable difference at the end of the year. In December 2012 exports declined sharply, underscoring the difficulties jewelry retailers faced.
 In December, Belgium exported 534,667 carats valued at $997.9 million, dropping 18.9 percent in volume and 17.6 percent in value.
Imports during the month fell even more, plunging 29.4 percent to $774.8 million as the volume dropped 37 percent to 405,883 carats.
According to a recent report by IDEX Online, a surprising last minute rise in Belgium's rough diamond exports may signal a hopeful outlook on the part of manufacturers, but did not prevent an overall decline in trade for 2012.
Belgium exported $13.51 billion worth of rough diamonds in 2012, a 6.3 percent decline compared to 2011, according to figures published by the AWDC.
The volume of exports declined 2.5 percent to 104.4 million carats.
Antwerp witnessed a 3.9 percent decline in the average value of overall goods in 2012. However, this paints just a partial picture. After rising from the start of the year until May, prices of rough declined during the summer months. In November traders hiked prices, but that was unsustainable and in December prices declined again.
Rough diamond imports of $12.25 billion in 2012 declined 8.8 percent compared to 2011. The volume of imports also declined, falling 10.7 percent to 6.7 million carats.
In December, rough exports leaped 33.5 percent from November to $1.39 billion. Year-over-year this was a 16.9 percent increase. One possible explanation is a belief on the part of traders that demand for polished will improve in 2013, and started stocking up on rough.
Imports during the month fell 15.5 percent from November, but increased 12.7 percent from 2011, totaling $929.8 million.



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